Trading resulted in a mild rebound on Wednesday for the Jamaica Stock Exchange US dollar market, as the volume of shares changing hands dropped 88 percent from Tuesday with the value dropping 73 percent, resulting in an even number of stocks rising and falling.
Trading ended with four securities changing hands compared to five on Tuesday, with the prices of two stocks rising and two declining.
The US Denominated Equities Index gained 3.43 points to end at 183.83.
The PE Ratio, a measure that is used to compute appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Just 62,909 shares traded for US$10,457 compared to 520,508 units at US$38,397 on Tuesday. Trading averaged 15,727 units at US$2,614 compared to 104,102 shares at US$7,679 on Tuesday and the month to date averages 73,532 at US$11,865 in contrast to 86,377 units at US$13,920 on Tuesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital fell 0.4 of a cent to 6.6 US cents with a transfer of 4,000 shares, Margaritaville gained 1.93 cents to finish at 10.93 US cents with investors switching ownership of 14,700 units, Proven Investments advanced 1.24 cents to 24.69 US cents with 26,757 stocks traded and Sygnus Credit Investments USD share dropped 1 cent to settle at 12 US cents with 17,452 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market in mild rebound Wednesday
October 6, 2021 by
